Ellsworth Advisors LLC Grows Stake in Northwest Pipe (NASDAQ:NWPX)

Ellsworth Advisors LLC boosted its stake in Northwest Pipe (NASDAQ:NWPX) by 3.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,755 shares of the industrial products company’s stock after buying an additional 548 shares during the quarter. Ellsworth Advisors LLC’s holdings in Northwest Pipe were worth $809,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of NWPX. Covestor Ltd raised its holdings in shares of Northwest Pipe by 1,857.6% during the third quarter. Covestor Ltd now owns 646 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 613 shares during the last quarter. Quantbot Technologies LP purchased a new position in Northwest Pipe in the 3rd quarter valued at $67,000. SG Americas Securities LLC acquired a new stake in Northwest Pipe during the 3rd quarter worth $165,000. Semanteon Capital Management LP purchased a new stake in shares of Northwest Pipe during the third quarter worth $230,000. Finally, Summit Global Investments acquired a new stake in shares of Northwest Pipe in the third quarter valued at about $262,000. 80.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NWPX. StockNews.com lowered shares of Northwest Pipe from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Northland Securities boosted their target price on Northwest Pipe from $50.00 to $55.00 and gave the stock a “market perform” rating in a report on Friday, January 3rd. Finally, Northland Capmk lowered Northwest Pipe from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 1st. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $47.50.

Northwest Pipe Price Performance

Northwest Pipe stock opened at $49.78 on Monday. The company has a current ratio of 3.20, a quick ratio of 2.27 and a debt-to-equity ratio of 0.17. The company has a 50-day moving average price of $51.76 and a 200 day moving average price of $45.39. Northwest Pipe has a 12-month low of $27.89 and a 12-month high of $57.76. The stock has a market cap of $493.77 million, a P/E ratio of 16.93, a PEG ratio of 2.59 and a beta of 1.05.

Northwest Pipe Profile

Northwest Pipe Company, together with its subsidiaries, engages in the manufacture and supply of water-related infrastructure products in North America. It operates in two segments, Engineered Steel Pressure Pipe (SPP) and Precast Infrastructure and Engineered Systems (Precast). The SPP segment offers large-diameter and high-pressure steel pipeline systems for use in water infrastructure applications, which are primarily related to drinking water systems.